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Japan’s succession crisis fuels 6 000% stock surge in elevator empire

  • Japan Elevator Service Holdings Co. surges 6,000% by acquiring heirless family-run elevator maintenance companies.
  • The company targets businesses without a clear succession plan to fuel growth strategy.
  • Japan's aging population and lack of successors in family businesses contribute to JES's success.
  • JES forecasts market share growth to 13% in 2027 as infrastructure ages.

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